BMR Updates Outlooks on Caterpillar, Joy Global, Cummins, Foster Wheeler, and Fluor

Dec 28, 2010, 09:37 ET from Indie Research Advisors, LLC

PRINCETON, N.J., Dec. 28, 2010 /PRNewswire/ -- ("BMR") (, an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with updated coverage of several cyclical stocks, including Caterpillar (NYSE: CAT), Joy Global (Nasdaq: JOYG), Cummins (NYSE: CMI), Foster Wheeler (Nasdaq: FWLT), and Fluor (NYSE: FLR).

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In its daily report, BMR wrote: "Cyclical stocks have been among the top performers in 2010 as the global economy has slowly begun to rebound from the shock of the credit crisis and ensuing recession. We've going to spend this pre-holiday week catching up on some of these companies, beginning with a bellwether in the heavy equipment sector, Caterpillar.

"We suggested investor look for a dip to initiate positions in Caterpillar in late April, an opportunity that arose throughout the summer as the stock dipped to the mid $50s in early June, traded sideways for several weeks before making a sustained run to the upside starting in September to over $94."

BMR looked at the following topics, among others:

-- After suggesting investors could buy shares of Caterpillar in the mid $50s earlier this year, how high does BMR think the stock could reach in the next couple of years?  

-- Will Caterpillar's purchase of Bucyrus have a big impact on rival Joy Global? Where does BMR see Joy's stock headed after a strong run?

-- How has Cummins been able to go from the edge of bankruptcy to one of the best growth stories around over the past decade? Where does BMR see the stock headed from here?

-- After both Fluor and Foster Wheeler reported relatively poor Q3 reports, why do both stocks look poised for solid growth in 2011?


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NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.


Indie Research Advisors, LLC

Marcie Martin, +1-888-278-5515

SOURCE Indie Research Advisors, LLC